by Brett Regan
November 15th, 2024
For as much as the business-to-business landscape has changed over the years, so have B2B buyers.
Expectations have skyrocketed for all parties as well. Sellers crave a modern B2B platform that’s easy to use and meets demand, while buyers desire an ideal user experience on an online store that includes a frictionless checkout process and supreme customer service.
“Ecommerce will become even more central to the B2B buying journey,” Lance Olwide, B2B General Manager at BigCommerce, predicted to start 2024. “B2B businesses selling in-warehouse, through EDI, and through sales teams on the phone, over email, and at trade shows, will use ecommerce as the central portal where buyers can view, manage, and update all of their interactions, including placing quote requests, re-ordering, and paying invoices.”
Considering B2B ecommerce is estimated to reach over $2 trillion in 2024, and with 74% of B2B buyers using ecommerce sites to purchase products, it’s safe to assume the shift online will only continue to grow.
That means having a strong ecommerce platform — the place B2B companies can sell goods or services through online transactions between businesses — is paramount to success.
B2B ecommerce platform selection factors
There is no shortage of options to find the best ecommerce platform to fit your business, but reviewing these factors can help narrow down specific needs and potential impacts.
Type of B2B business.
Different types of B2B companies will have different needs. When researching a solution, organisations must first understand the differences between them:
Wholesale: Wholesale ecommerce is a business-to-business (B2B ecommerce) model where, instead of selling your products individually to consumers, you sell them in bulk and at a discount to other businesses.
Manufacturers: Manufacturers produce finished goods on a large scale by utilising parts and raw materials in combination with manual labour and machines. In a B2B model, the finished goods are sold to other manufacturers, suppliers, or wholesalers.
Distributors: Distributors work closely with manufacturers to bring visibility to the goods they are producing, to increase sales and move their products along the distribution channel.
B2B2C: Business-to-business-to-consumer (B2B2C) ecommerce takes out the middleman, usually between the B2B organisation and the B2C, putting the businesses directly in contact with the consumer.
Business software integrations.
If you’re an organisation that uses many different, essential business software — such as ERP integrations, PIM, CRM, and more — then finding an ecommerce platform that can integrate with them is crucial.
No company wants to find itself in a situation where it has spent money and time investing in an ecommerce platform, only to find out that it doesn’t work with the software you currently have in real-time. That’s more than just a waste of time and effort — it’s a loss of potential revenue.
The most highly-rated commerce platforms provide a solution that connects all of your B2B ecommerce software in one easy package without holding you back.
Security.
Security is the number one priority for many customers when selecting a platform. Ensuring that their data is safe is critical to their implementation of your service and its ultimate success.
An ecommerce platform dedicated to B2B needs to be able to provide security when it comes to credit card and customer data, fraud protection, SSL certificates, and more.
If that wasn’t enough, dedicated security programmes can help prevent your site from cyber attacks and ultimately, help to increase your SEO ranking. It pays to be secure.
Cost.
This isn’t only about the cost of the ecommerce platform. There are also internal costs of getting the website up and running, maintaining it, and so much more.
From various sales channels and marketplaces like Amazon to payment gateways and product catalogues to streamline workflows and automation, B2B sellers have a lot to focus on, and the cost of it all must be considered.
Customisation.
Providing a customisable, flexible solution is a must for B2B ecommerce platforms. Long gone are the days when companies could simply release a ready-made, all-in-one solution and have it work for every company and individual. Technology has grown rapidly — specificity is king.
Ecommerce platforms that provide extensive customisation are more likely to attract merchants and customers. The main reason for this? Scalability. Organisations that experience extreme growth or are preparing for it need a solution that can grow alongside them.
Businesses across the world have realised this and are offering solutions with increased functionality and designs — without the additional costs. With methods like headless commerce becoming increasingly popular, the desirability of customisation appears only to be growing as well.
A New Approach for New Expectations
BigCommerce’s B2B ecommerce platform enables you with powerful features to readily meet — and exceed — your buyers’ expectations.
Essential B2B ecommerce platform features
Let’s take a closer look at some of the most essential features to look for in B2B ecommerce websites and platforms:
Access restriction options.
B2B ecommerce businesses are often more complex than B2C ecommerce businesses. Due to the nuances and rules often associated with selling to other companies, you need to be able to manipulate your ecommerce platform to solve for differing buyer experiences, depending on the user.
Because of this, your B2B ecommerce software of choice should give you the option to allow or restrict access to certain parts of your site on an individual basis.
Pricing, payment, and ordering customisation.
B2B businesses have many moving parts. Between customer management tools, fulfilment centres, and punchout catalogues, several different systems need to work together to create a unified order management and customisation system.
Ensure your B2B commerce platform allows for transactional options in one unified solution since having several tools that don’t work together will result in disorganisation, confusion, and potential problems with inventory management and order fulfilment.
This is particularly relevant if you are a hybrid business offering both B2C and wholesale channels since reducing channel conflict and management are pivotal to your business.
B2B buyers are also keen on custom pricing and discounts, so finding a B2B platform that helps set up pricing and discounts for customer groups can be beneficial.
Heavy focus on customer experience.
Whenever brands look to create an ecommerce site, one thing is the most important: the user experience.
B2B customers need to resonate with your brand and your site's user experience and user interface (UX/UI) to make their experience more satisfying and enjoyable.
As more and more B2B businesses move toward an enhanced UX/UI with optimisation options, your best bet is to identify a platform with the personalisation option you need.
Integrating customer reviews and having strong customer support goes a long way, too.
Frictionless, secure checkout.
A website can have all of the bells and whistles, beautiful templates, and plug-ins to help navigate the site better, but none of that truly matters without a good checkout experience.
While B2B-specific functions are needed — such as PO invoicing, ACH, and bulk ordering — buyers are looking for a frictionless, secure checkout process.
In fact, according to a BigCommerce survey of B2B buyers, checkout security was a major concern in the UK (30%), AU (21%), and the U.S. (20%).
Without it, businesses could look elsewhere.
Easy to add new channels.
The omnichannel experience has changed modern ecommerce, allowing businesses to operate in a multi-channel approach, from physical storefronts to online platforms and social media. A unified experience across all channels helps to increase sales and bring about a more pleasant customer experience.
When researching platform features, finding one that prioritises omnichannel must be an essential part of the process. With how much the shopping experience has changed in the last decade, being able to sell to customers in every channel they operate in is one of the keys to business success.
Why BigCommerce is a top option
BigCommerce is one of the leading open SaaS ecommerce platforms, internationally known for its low total cost of ownership and highly flexible APIs.
BigCommerce offers its customers a variety of B2B features and add-ons not found in competing for software solutions to deliver a modern, frictionless ecommerce experience.
The BigCommerce platform also makes it easy for hybrid businesses with both B2B and B2C customers to offer different price lists or catalogues to customer groups. In other words, you can provide for both B2B and B2C in one unified solution.
“BigCommerce gives us the scalability, flexibility, and openness we need to be able to go in, make changes, and implement them right at the moment we need to,” Jed Simpson, General Manager at TYGRIS, said.
What BigCommerce brings to the table.
What separates BigCommerce from other B2B solutions? Features.
BigCommerce B2B Edition’s next-level features make the buying process more manageable and less complex for your customers by providing the following features:
Price lists and customer groups: Provide custom pricing down to the SKU level, bulk buying discounts, and promotions.
Buy again: Let users view and quickly reorder all previously purchased products.
Payment method visibility control:Add, edit, show, or hide approved payment options for customers.
Set buyer roles and permissions: Enable customers to create a complete corporate account profile and set up multiple tiers of buyers.
Buyer portal: Help reduce operational burden and enhance the buyer/customer relationship with a system to efficiently manage orders, quotes, and workflows.
Invoice portal: Allow customers to easily manage and pay invoices online with multiple payment options.
Customer requested quotes: Let customers add items to their cart and automatically request a quote for their order.
Furthermore, BigCommerce offers business the ability to combine the front-end and back-end of their ecommerce store with headless commerce, which offers additional benefits including:
Accelerated growth: No limitations or boundaries. Your business growth is determined simply by your ability to scale into multi-territory, multi-language and multi-currency.
Future-proof online shopping experiences: Get the flexibility to adapt to technological disruptions and developments.
Greater personalisation: Create highly customised, modern and personalised front-end experiences on multiple channels.
No other ecommerce platform offers the multitude and variety of features, modules, and marketing tools available at BigCommerce, which was named a “Leader” in the IDC MarketScape: Worldwide B2B Digital Commerce Applications for Midmarket Growth 2023-2024 Vendor Assessment.
Other B2B ecommerce platform options include: Adobe Commerce (formerly Magento), NetSuite SuiteCommerce, OpenCart, OroCommerce, Salesforce Commerce Cloud, Shift4Shop, Shopify Plus, and WooCommerce.
The final word
As B2B buyer demands continue to increase and evolve, B2B companies will need to live up to those expectations in order to remain competitive.
That all starts with the right ecommerce platform that will help your business thrive and deliver a great customer experience.
Understanding the essential features and functionalities to meet your business needs right now is a great first step to success on a new B2B platform.
FAQs about B2B ecommerce solutions
Brett Regan
Brett Regan is an experienced writer specializing in SaaS and ecommerce topics, with a strong focus on helping businesses navigate the digital landscape. His work covers a wide range of subjects, from ecommerce strategies to platform solutions and innovations in online retail. With years of expertise, Brett's writing provides valuable insights for businesses looking to grow and succeed in the fast-paced world of ecommerce.